NerdWallet (NASDAQ:NRDS) Trading Down 5.8% – Time to Sell?

NerdWallet, Inc. (NASDAQ:NRDS)’s share price traded down 5.8% on Wednesday . The stock traded as low as $13.51 and last traded at $13.60. 145,756 shares traded hands during trading, a decline of 68% from the average session volume of 457,416 shares. The stock had previously closed at $14.44.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. KeyCorp boosted their price target on shares of NerdWallet from $18.00 to $20.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Barclays boosted their price target on shares of NerdWallet from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley boosted their target price on shares of NerdWallet from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, NerdWallet presently has a consensus rating of “Moderate Buy” and an average target price of $17.00.

NerdWallet Price Performance

The firm has a market capitalization of $1.01 billion, a P/E ratio of -103.14 and a beta of 1.32. The stock’s 50 day moving average is $13.42 and its two-hundred day moving average is $13.38.

NerdWallet (NASDAQ:NRDS) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. The firm had revenue of $191.30 million during the quarter, compared to analysts’ expectations of $168.25 million. NerdWallet had a negative net margin of 1.65% and a negative return on equity of 2.90%. The business’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.01) earnings per share. As a group, equities research analysts expect that NerdWallet, Inc. will post -0.11 EPS for the current year.

Insider Activity at NerdWallet

In other news, CFO Lauren Stclair sold 11,856 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $14.04, for a total value of $166,458.24. Following the completion of the transaction, the chief financial officer now owns 313,100 shares in the company, valued at $4,395,924. This represents a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Topline Capital Partners, Lp purchased 412,055 shares of NerdWallet stock in a transaction dated Tuesday, October 22nd. The stock was bought at an average price of $11.35 per share, with a total value of $4,676,824.25. Following the acquisition, the insider now directly owns 5,251,145 shares of the company’s stock, valued at approximately $59,600,495.75. This trade represents a 8.52 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 45.93% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NRDS. Quarry LP acquired a new position in shares of NerdWallet in the second quarter valued at approximately $31,000. nVerses Capital LLC acquired a new position in NerdWallet during the third quarter worth $62,000. US Bancorp DE acquired a new position in NerdWallet during the third quarter worth $86,000. Intech Investment Management LLC acquired a new position in NerdWallet during the third quarter worth $135,000. Finally, TNF LLC acquired a new position in NerdWallet during the third quarter worth $178,000. Institutional investors and hedge funds own 38.81% of the company’s stock.

NerdWallet Company Profile

NerdWallet, Inc operates a digital platform that provides consumer-driven advice about personal finance by connecting individuals and small and mid-sized businesses with financial products providers in the United States, the United Kingdom, Australia, and Canada. Its platform offers guidance to consumers through educational content, tools and calculators, and product marketplaces, as well as through NerdWallet app for various financial products, including credit cards, mortgages, insurance, SMB products, personal loans, banking, investing, and student loans.